Warren Buffett News: Buffett Is ‘Patently Wrong’ About How Tax Rates Affect Investment Decisions

Helping Buffett Crack the Indian Market (WSJ)
India may prove a tough nut to crack for Warren Buffett. His maiden Indian venture—an online insurance distributor called Berkshireinsurance.com—made a big splash when it launched in March 2011. The company, which sells Bajaj Allianz General’s non-life-insurance products, wants to be among the top three companies in India selling insurance on the Internet in the next three to five years. But even with a name like Mr. Buffett’s behind it, that’s a lofty goal for a newcomer to India’s $40 billion insurance industry. The company sold 300 policies within days by offering invitation to a talk the insurance mogul was giving in New Delhi. But that pace has slackened since. The company hasn’t yet turned a profit and is banking on keeping a tight leash on expenditures and relying on the word-of-mouth publicity to build brand recognition, says Arun Balakrishnan, the company’s chief executive.

13 Lessons Warren Buffett Learned About How To Achieve Success (BusinessInsider)
With his unique stock-picking skills, self-made billionaire Warren Buffett is regarded as one of the most brilliant investors today. But Buffett’s success comes mostly from his ability to believe in his own skills and refusal to follow the crowd. Jamie Downey at Boston.com reports that Buffett “will only invest in companies that meet [certain] criteria. He does not feel pressured when things do not go his way nor when outside sources suggest new rules for investing.”

Yamana Gold Becomes Oversold (Forbes)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Monday, shares of Yamana Gold Inc. (TSE:YRI) entered into oversold territory, hitting an RSI reading of 28.6, after changing hands as low as $16.86 per share.